Nomura looks to be abandoning aspirations to build a global investment bank, with news that yet another senior executive is stepping down. The WSJ's Deborah Kan speaks to Hong Kong bureau chief Ken Brown on the latest management shake-up.

This transcript has been automatically generated and may not be 100% accurate.

... the ... they will step down joining me now it is Ken Browne Hong Kong Air Chief day ... that is the thing is to say that this is ... a continuation of the mass exit is a former Lehman bankers from no more ... well ... not quite yet so ... when there are ... many of its banking and euro ... he's one of the leaning folks when you read is that the acquisition of Lehman's assets into thousandeight ... he's now to become a vice chairman of investment banking and his co head of investment banking ... is to take over the whole thing ... of the Coen This making a defendant take over all that is an old one euro and from Priceline ... ok so is there any indication at least they're putting them in as a vice chairman right ... so it is any indication whether night is going to stick around or if Jolla vice chairman is one of these Greek titles which means just about anything investment banking ... in this case were were told it that means you can hang around these were actually working on a very large deal with clay court struck a deal ... and then he will make a quiet exit sometimes on the ... twenty oh it's okay and he added that ... obviously stage management changes going on in the moreso how is this ... what does this tell us about ... the strategy going for a day meaning I remember ... some years ago they were making a huge ... push to become the next international investment bank ... that seems to be changing yet no that's all right so ... it ... politely meaning they spent a lot of money hiring bringing the game folks ... aam they haven't made money in those businesses investment banking generally is not doing great because of that ... on a rebound globally to happen ... so that even shrinking so the two guys who Engineering's the Lehman deal for how they were out not long ago ... aam some of that last scene you'll be mean guys have all left in the last few months most recently last couple weeks ago ... and ... now that there was ... the most senior guy left ... his on his way out is there any indication as that they've made it clear what its strategy is to be going for it ... caught ... so that it's not that yesterday that David S another week of costs as another billion dollars ... um we know that in investment banking your costs are really people ... music and a few people ... on their scaling back in Europe allotted to its obviously allows the market right now so it's getting there there ... I mean really we didn't go back to ... roughly this but they were before which is that they did on a Japanese investment bank in the Guinness serve Japanese clients ... around the world in the did you work in Asia and into ... the new specific work in specific areas around the world and not can it be